Law Firm Cameron McKenna Warns That a Proposed New Law on ‘Green Tariffs’ Could Have Serious Implications for the Renewable Energy Sector in Ukraine

Proposed new law on ‘Green Tariffs’ to have serious implications. A new bill presented to parliament on 7 June could have very serious implications for the renewable energy sector in Ukraine, Cameron McKenna note in their recent law update. The bill, No.8449, is aimed at creating a mechanism for the control of construction and the balancing of supply, proposes to initiate a quota auction system instead of the Green Tariff after 1 July 2019. The new law will apply to all solar power plants exceeding 10MW and wind power plants exceeding 20MW, with an option to participate in small power plants. There will also be adjustments to preliminary power purchase agreements. The law is expected to be adopted in late 2018